Renko EMA Robot EA v9.1 MT4 is an Expert Advisor (EA) for MetaTrader 4 (MT4) designed for automated forex trading using Renko charts and Exponential Moving Averages (EMAs). It’s marketed as a scalping tool, often claiming significant profits.

Key Features and Functionality:

• Renko Chart Trading: The EA is specifically built to trade on Renko charts. It’s crucial to understand that MT4 does not natively support Renko charts. Therefore, you will typically need a separate “Renko Chart Generator EA” or indicator to create the Renko charts first, and then attach the Renko EMA Robot EA to that offline Renko chart.
• EMA Integration: As the name suggests, it likely uses Exponential Moving Averages (EMAs) as a core component of its trading strategy. This could involve EMA crossovers, price crossing EMAs, or other EMA-based signals.
• Automated Trading: The EA is 100% automatic, meaning once configured and attached to a chart, it will open, manage, and close trades according to its internal logic.
• Trade Management Features: Common features found in such EAs include:
  • Fixed Lot or Risk % Management: Allows you to set a fixed lot size per trade or calculate lot size based on a percentage of your account balance.
  • Stop Loss (SL) and Take Profit (TP): Essential risk management tools to define exit points for trades.
  • Breakeven: Moves the stop loss to the entry price once a certain profit level is reached, protecting your capital.
  • Trailing Stop: Automatically adjusts the stop loss as the price moves in your favor, locking in profits.
  • Spread Filter: Prevents trades from opening if the spread is too wide, protecting profitability.
  • Time and Weekday Settings: Allows you to define specific times or days when the EA should trade.
  • Max Open Trades: Limits the number of simultaneous open trades.
• Signal Generation: Typically, these EAs generate buy and sell signals based on Renko brick patterns and EMA confluence. For instance, a common setup might involve a Renko brick color change combined with the price crossing an EMA.
• Compatibility: Designed for MetaTrader 4 (MT4), and usually compatible with any symbol and timeframe (though it operates on the Renko chart which is derived from a lower timeframe like M1).

Disclaimer: Trading involves risks, and past performance is not indicative of future results. Always conduct thorough research and seek professional advice before trading.

Important information!

For the first 2 weeks, trade on a demo account or a cent account (to choose the best trading conditions for yourself)

Install a trading advisor on a VPS

Real Account Profit Recorded every Friday (end of the trading week)

What’s in the package?

Experts:

• Renko EMA Robot EA v9.1 MT4.ex4

Presets

• renko V9.1 M1.set

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Disclaimer:

The EAs sold on our channel are not created by us.

We are only resellers of these EAs and the EA performance cannot be guaranteed or predicted.

Past performance is no guarantee of future results. We seek the EA on an ‘as is’ basis and only the version mentioned is being sold.

All future updates will be on a best effort basis and could involve further fees to be paid owing to acquisition and unlocking costs.

EA updates are thus not automatic and not guaranteed.

 

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